Yesterday marked the first #FOMC
meeting chaired by Jerome Powell, the new US Federal Reserve Chief. As market participants and Fed watchers widely anticipated, he kicked of his first FOMC meeting with a 25 basis point interest rate increase to 1.75%. The Fed also confirmed that it wants to hike three times in 2018 while signalling that more interest rate hikes are expected in 2019 as well as 2020. The #USD
sold off after the announcement which many viewed more dovish than was anticipated.
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